ON February 6, Anson Semiconductor (NASDAQ: ON) announced its fiscal 2022 fourth quarter results announcement. The company reported revenue of $2.104 billion in the fourth quarter, up 13.9% year on year and down 4.1% sequentially. Gross margin for the fourth quarter was 48.5%, an increase of 343 basis points year-on-year and higher than 48.3% in the previous quarter; Net income was $604 million, up 41.9% year-on-year and 93.7% sequentially; Diluted earnings per share were $1.35, up from $0.96 in the same period last year and $0.7 in the previous quarter. Notably, the company’s automotive segment reported $989 million in revenue, up 54 percent from a year earlier and a record high.
The company also reported record revenue of $8.326 billion for the fiscal year ended December 31, 2022, up 24% from the same period last year. Gross margin increased to 49.0% compared to 40.3% in the same period last year; Net profit was $1.902 billion, up 88.4% year on year; Diluted earnings per share were $4.24, up from $2.27 in the same period last year.
Hassane El-Khoury, President and CEO, said: “The company delivered excellent results in 2022 while transforming with its focus on long-term megatrend trends in electric vehicles, ADAS, alternative energy and industrial automation. Despite the current macroeconomic uncertainty, the long-term outlook for our business remains strong.” The Company also announced that its Board of Directors approved a new share repurchase program that authorizes the repurchase of up to $3 billion of the Company’s common stock through December 31, 2025. For the first quarter of 2023, the company expects revenue to be in the range of $1.87 billion to $1.97 billion, gross margin to be in the range of 45.6% to 47.6%, operating expenses to be in the range of $316 million to $331 million, and other income and expense, including interest expense, net to be in the range of $21 million to $25 million. Diluted earnings per share ranged from $0.99 to $1.11.
Post time: Mar-27-2023